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Textron (TXT) Gains As Market Dips: What You Should Know
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Textron (TXT - Free Report) closed the most recent trading day at $56.01, moving +0.2% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq lost 0.9%.
Heading into today, shares of the maker of Cessna small planes and Bell helicopters had lost 16.27% over the past month, lagging the Aerospace sector's loss of 3.84% and the S&P 500's loss of 1.41% in that time.
Wall Street will be looking for positivity from TXT as it approaches its next earnings report date. This is expected to be January 30, 2019. On that day, TXT is projected to report earnings of $0.99 per share, which would represent year-over-year growth of 33.78%. Meanwhile, our latest consensus estimate is calling for revenue of $3.91 billion, down 2.59% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.22 per share and revenue of $14.27 billion, which would represent changes of +31.43% and +0.51%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for TXT. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.08% lower. TXT is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, TXT currently has a Forward P/E ratio of 17.37. For comparison, its industry has an average Forward P/E of 16.17, which means TXT is trading at a premium to the group.
Also, we should mention that TXT has a PEG ratio of 1.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Aerospace - Defense industry currently had an average PEG ratio of 1.48 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 41, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TXT in the coming trading sessions, be sure to utilize Zacks.com.
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Textron (TXT) Gains As Market Dips: What You Should Know
Textron (TXT - Free Report) closed the most recent trading day at $56.01, moving +0.2% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq lost 0.9%.
Heading into today, shares of the maker of Cessna small planes and Bell helicopters had lost 16.27% over the past month, lagging the Aerospace sector's loss of 3.84% and the S&P 500's loss of 1.41% in that time.
Wall Street will be looking for positivity from TXT as it approaches its next earnings report date. This is expected to be January 30, 2019. On that day, TXT is projected to report earnings of $0.99 per share, which would represent year-over-year growth of 33.78%. Meanwhile, our latest consensus estimate is calling for revenue of $3.91 billion, down 2.59% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.22 per share and revenue of $14.27 billion, which would represent changes of +31.43% and +0.51%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for TXT. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.08% lower. TXT is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, TXT currently has a Forward P/E ratio of 17.37. For comparison, its industry has an average Forward P/E of 16.17, which means TXT is trading at a premium to the group.
Also, we should mention that TXT has a PEG ratio of 1.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Aerospace - Defense industry currently had an average PEG ratio of 1.48 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 41, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TXT in the coming trading sessions, be sure to utilize Zacks.com.